Stay Informed. Stay Competitive with FREE Insights on the Stock Market, Dow 30 & Emerging Opportunities. Get Free Email Updates

Stay Competitive With Stock Market Updates!

Get Free Updates

Procter & Gamble Realizes Quarterly Growth Amid COVID-19 Pandemic But Uncertain On Fiscal 2020 Outlook

By John F. Heerdink, Jr.

The Procter & Gamble Company (PG) reported quarterly earnings last month, riding high on staples like Charmin toilet paper and Bounty paper towels pushing U.S sales up by 10% amid the pandemic, as consumers stock on necessities. The company reported an EPS of $1.17 versus $1.13 expected. Revenue of $17.21 was reported, below analyst expectation at $17.46 billion. The company’s third-quarter net income stood at $2.92 billion, or $1.12 per share. Net sales jumped 5% to $17.21 billion.

“We will serve what will likely become forever-altered health, hygiene, and cleaning focus for consumers who use our products daily or multiple times each day,” stated COO & CFO Jon MoellerMoeller.

Organic Sales:

Organic revenue increased by 6% during the quarter. Organic sales for P&G’s fabric and home-care unit including brands like Tide and Ariel increased 10% in the quarter. Baby, family care business, feminine hygiene witnessed organic sales rise by 7%. P&G’s grooming business such as Gillette and Venus was the only segment to report shrinking organic sales.

Fiscal 2020 outlook:

P&G maintained its organic sales outlook for the fiscal year but expects revenue to be much lower than expected due to the impact of foreign exchange. It now predicts fiscal 2020 sales will meet 3% to 4% range down from a prior range of 4% to 5% growth.

The Procter & Gamble Company (PG), a Dow 30 component, supplies branded consumer packaged goods to consumers across the globe.  To learn more about Procter & Gamble (PG) and to continue to track its progress please visit the Vista Partners Procter & Gamble Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.

Post View Count : 610
(Read Original Story: Procter & Gamble US sales surged 10% as consumers stocked up ahead of coronavirus outbreak in CNBC)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us